Transport for London has announced that it expects to be able to make cost savings of up to £250m following the purchase of the companies responsible for the maintenance of the London City Airport and Woolwich Arsenal branches of the Docklands Light Railway.
Under the terms of PFI agreements that funded these DLR extensions, maintenance was contracted to City Airport Rail Enterprises PLC and Woolwich Arsenal Rail Enterprises, which are owned by RBS and Semperian PPP Investment...
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